Advice on Debt

RAS

Hi

If you've accrued 42K in debt, you have spent it on something.

What precisely? Until you know that, you will not be able to address the underlying problem.

You live in a flat, for example. There is no building insurance, which suggests it's paid by the management company but there is no management fee or contribution to a sinking fund anywhere in your SOA.

You need to go back over your SOA with your bank statements and credit card records handy and work out a realistic budget, which includes clothing, replacing household goods,  presents, holidays, child costs (do you NEVER ever go out for the day, have to fund a school activity).

Then come back or speak to a debt charity like stepchange (not a debt company).